Economy

Mar 29 2019

ANZ CEO Shayne Elliott has weighed in on the debate over the cause of the downturn in mortgage lending, claiming that the fall has been “supply-driven”.

Mar 29 2019

Thinktank has confirmed its entry into the residential self-managed super fund LRBA market, following a wave of exits by banks.

Mar 28 2019

APRA chairman Wayne Byres has outlined the risks to organisational and cultural resilience across Australia’s banking sector, particularly emphasising the need for structural simplification

Mar 27 2019

A government-financed mortgage deposit fund for first home buyers has been proposed as an alternative to the federal Labor opposition’s housing affordability policy.

Mar 27 2019

The federal Labor opposition has committed to provide $60 million in funding for the issuance of loans to “vulnerable Australians” as an alternative to “harmful financial products” offered ...

Mar 26 2019

The Federal Court of Australia has for the first time been given jurisdiction over corporate crime and a $35 million funding boost to support the expanded authority.

Mar 26 2019

The prudential regulator has released its revised standard on credit risk management requirements for ADIs, which has undergone no major revision in more than a decade. 

Mar 26 2019

A former CEO of ING Bank, Don Koch, has been appointed to the board of directors of the BNK Banking Corporation, effective 11 June.

Mar 25 2019

A non-major lender has reported above system mortgage growth, which has helped offset cost pressures that have placed downward pressure on the bank’s net interest margin.